Mount Dora, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mount Dora, FL Housing Market Trends

With a population of 16,341, 6,156 total housing units (homes and apartments), and a median house value of $346,884, Mount Dora real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mount Dora, accounting for 63.94% of the city's housing units. Other types of housing that are prevalent in Mount Dora include large apartment complexes or high rise apartments ( 17.35%), duplexes, homes converted to apartments or other small apartment buildings ( 10.58%), and a few row houses and other attached homes ( 6.99%).

The most prevalent building size and type in Mount Dora are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.37% owning and 42.63% renting.

There is a lot of housing in Mount Dora built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mount Dora built between 2000 and later ( 31.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.69%). There's also some housing in Mount Dora built before 1939 ( 8.02%).

Vacant housing appears to be an issue in Mount Dora. Fully 16.64% of the housing stock is classified as vacant. Left unchecked, vacant Mount Dora homes and apartments can be a drag on the real estate market, holding Mount Dora real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mount Dora Home Appreciation Rates

In the last 10 years, Mount Dora has experienced some of the highest home appreciation rates of any community in the nation. Mount Dora real estate appreciated 110.75% over the last ten years, which is an average annual home appreciation rate of 7.74%, putting Mount Dora in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mount Dora definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Mount Dora's appreciation rate, at 20.60%, has been at or slightly above the national average. In the latest quarter, Mount Dora's appreciation rate has been 8.46%, which annualizes to a rate of 38.36%.

Relative to Florida, our data show that Mount Dora's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$346,884

Mount Dora, FL HOME PRICES

> $1,513,000
$1,135,001 - $1,513,000
$756,001 - $1,135,000
$605,001 - $756,000
$454,001 - $605,000
$302,001 - $454,000
$152,001 - $302,000
$76,001 - $152,000
$0 - $76,000
1.3%
1.3%
0.4%
0.4%
2.3%
2.3%
7.3%
7.3%
14.7%
14.7%
37.5%
37.5%
27.5%
27.5%
6.3%
6.3%
2.8%
2.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
6,156

Mount Dora Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
151.95% 4.29%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,774 / per month

Homeownership Rate

Owners
Renters
Vacant
57.4%
57.4%
42.6%
42.6%
16.6%
16.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.4%
31.4%
45.9%
45.9%
14.7%
14.7%
8.0%
8.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.9%
63.9%
7.0%
7.0%
10.6%
10.6%
17.3%
17.3%
1.2%
1.2%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
12.4%
12.4%
32.7%
32.7%
44.3%
44.3%
8.4%
8.4%
0.9%
0.9%
0.0% 100.0%
% OF HOMES